Section 409a of the Internal Revenue Code Clause Example from Business Contracts

This example Section 409a of the Internal Revenue Code clause appears in 2 contracts from 1 company

Section 409a of the Internal Revenue Code. The PUs and Dividend Equivalents granted hereunder are intended to avoid the potential adverse tax consequences to the Recipient of Section 409A of the Code, and the Committee may make such modifications to this Performance Unit Agreement as it deems necessary or advisable to avoid such adverse tax consequences.